PleasrDAO launched the Free Ross DAO / Sen. Warren requested info on BTC mining / Coinbase voted for a 2nd ENS airdrop

Plus: Some gift ideas from the Inside Crypto holiday gift list.

Inside.com Part of   Network December 03, 2021

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The global crypto market cap is $2.48T 5.60%▼ with a 24-hour market volume of $137.32B 13.23%▲. Bitcoin's dominance is currently 40.89% 0.10%▼. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $53,437.48 6.00% ▼ 2 Ethereum ETH $4,199.33 7.52% ▼ 3 Binance Coin BNB $592.57 5.09% ▼ 4 Solana SOL $211.30 11.09% ▼ 5 Cardano ADA $1.56 9.47% ▼ Source: CoinMarketCap, 6:00 EST

PleasrDAO launched a DAO to purchase the Free Ross NFT. FreeRossDAO has already raised nearly 1,000 ETH within its first 24 hours. More: Silk Road's former Dread Pirate Roberts, Ross Ulbricht, is currently serving a double life sentence + 40 years without the possibility of parole following the shutdown of the tor-based marketplace. PleasrDAO stated that FreeRossDAO aims to free Ross, advance prison reform, and allow its members to have fractional ownership of Ross' NFT.  The Ross Ulbricht Genesis Collection auction is live on SuperRare, with a current high bid of 420.69 ETH.

TOP NFT COLLECTIONS (24hr Volume) # Name 24h Volume 24h % 1 Axie Infinity ETH, RONIN $17.79M 3.24% ▼ 2 CryptoPunks ETH $11.21M 165.97% ▲ 3 Bored Ape YC ETH $7.35M 69.75% ▲ 4 The Sandbox ETH $6.24M 13.69% ▼ 5 Ape Kids Club (AKC) ETH $3.64M 23.71% ▼ Source: DappRadar, 5:30 pm EST TOP ETH NFT COLLECTIONS (Floor Cap) # Name Floor Price (ETH) 24h % 1 CryptoPunks  Ξ 67 9.46% ▼ 2 Bored Ape YC Ξ 50.59 0.20% ▼ 3 Autoglyphs Ξ 199.99 0% 4 Mutant Ape YC Ξ 6.45 4.62%▲ 5 Fidenza - AB Curated Ξ 84.99 10.54% ▲ Source: NFT Price Floor, 6:00 pm EST

Sen. Elizabeth Warren (D-Mass.) reached out to Greenidge Generation Holdings about the environmental impact of bitcoin (BTC) mining. The letter addressed Greenidge CEO Jeffery Kirt requested a response by Dec. 17. More: Greenidge has operated one of the largest U.S.-based bitcoin mining facilities in upstate New York since 2017. To generate power for the facility, Greenidge purchased a refurbished power plant previously shut down by the state emission controls. A New York lawmaker proposed a three-year moratorium on commercial bitcoin mining back in May to evaluate whether plants are operating within the state’s environmental laws. The bill was reportedly blocked by the International Brotherhood of Electrical Workers. Although Greenidge has other U.S.-based facilities, all of Sen. Warren’s questions were directed toward the New York facility.

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Coinbase voted in the ENS DAO for the first time, voting yes to a second ENS token airdrop. Coinbase is the second-largest delegator in ENS DAO, with around 453,980 votes. More: Coinbase’s vote was specifically directed toward ENS DAO’s EP2, which would send 213,049 ENS to users who did not receive the 2x multiplier on the first ENS drop. The token multiplier was given to users who used their domain as their primary ENS name, but an issue with the airdrop prevented this from happening. The vote on Snapshot is currently overwhelmingly in favor of the second airdrop: 96.52% of delegates voted for the proposal, and only 2.09% voted against it.

▲ TOP GAINERS # Name Price 24h % 1 Cosmos ATOM $31.93 12.65% ▲ 2 NEAR Protocol NEAR $9.26 11.83% ▲ 3 Polygon MATIC $2.23 5.63% ▲ 4 Theta Fuel TFUEL $0.311 3.89% ▲ 5 Ravencoin RVN $0.1057 0.17% ▲ ▼  TOP LOSERS # Name Price 24h % 1 Gala GALA $0.504 14.75%▼ 2 Uniswap UNI $19.93 11.70%▼ 3 Solana SOL $211.52 11.00%▼ 4 Kadena KDA $14.71 11.13%▼ 5 Basic Attention Token BAT $1.28 11.06%▼ Source: CoinMarketCap, 6:00 EST *Limited to cryptocurrencies in the Top 100

Terra (LUNA) has jumped to the 12th largest cryptocurrency, following an 80% spike this week. The spike has brought LUNA to a new all-time high of $69.66. More: The jump comes as LUNA holders voted in favor of an 88M LUNA burn, further driving demand for both LUNA and Terra USD (UST). While some argued that the burn was significant, Terraform CEO Do Kwon stated that burning the funds would help mitigate systemic risks in the stablecoin’s algorithm. At the same time, Luna’s Terraform Labs is currently under SEC investigation regarding Mirror Protocol’s alleged offering of unregistered securities.

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🎁 The 2021 Inside Crypto Holiday Gift List 🎁  There's always that one person on your holiday shopping list that's absolutely impossible to shop for. You know, that one who seems to have everything and refuses to accept cash or gift cards because of their centralization. Instead of redownloading the Tor browser and buying them Monero (XMR) again this year, check out these five must-have crypto gifts! 1) 4.0" Tungsten Cube ($3,499.99; Midwest Tungsten) Digital gold meets physical tungsten. If you're shopping for someone with a propensity for the density, then they're sure to find this 41.62-pound cube simply delightful. This gift has been highly recommended by Castle island Ventures' Nic Carter, the Wall Street Journal, and Richard Behiel. 2) Inflatable Bitcoin Costume ($49.99; Hodlmoon) Get that special bitcoin maximalist in your life a gift that will let them transcend their own centralized existence. The product comes complete with a mask and gloves for anyone looking to show off their love for bitcoin while "decentralizing" a bank. 3) Blockchain for Babies ($9.29; Amazon) This one is for all of the NFT Dads out there looking to fast-track baby Chad to a FAANG internship and develop Solidity smart contracts. Give the gift of knowledge to your kids this holiday season, and they'll be taking up all of your bandwidth to mine Helium in no time.   4) A literal Shiba Inu (1 DOGE; NYC Shiba Rescue) Finally give the answer to your friend who's been asking "wen SHIB" all year with a Shiba Inu this holiday season. Elon Musk tweeted about it, so this may be your last chance to get in before Shiba Inus take off. 5) Rug Pole (€84.95; Dekroo) If you've ever been on Discord, odds are someone's already DM'd you about this project. Rug Poles are the hottest gifts for JPG enthusiasts this year. If you know someone who's constantly complaining about how low the floor is, help them elevate their rug with this gift.

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Griffin McShane is a New York transplant currently living in Brooklyn, NY. He is a graduate of Providence College, where he studied both computer science and business, and the University of Maine School of Law, where he earned his JD. Beyond his work at Inside, Griffin has written articles for CoinDesk and is a member of the International Association of Privacy Professionals (IAPP). Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford.

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